Land Deals Surge 65% in January-September, Totaling 1,700 Acres: CBRE
A recent survey by CBRE, a leading real estate consultant, has revealed a significant 65% increase in land deals from January to September this year, amounting to over 1,700 acres. The report highlights the strong investor confidence in India's real estat
Real EstateLand DealsCbreIndian CitiesInvestor ConfidenceReal Estate MumbaiOct 23, 2024
Six major Indian cities, including Delhi-NCR, Mumbai, Chennai, Hyderabad, Bengaluru, and Pune, have played a dominant role in these land transactions. Anshuman Magazine, Chairman & CEO of CBRE India, South-East Asia, Middle East & Africa, emphasized that the rise in land deals across various asset classes demonstrates strong investor confidence and the evolving nature of the Indian real estate market. The increasing growth in established segments like residential and office, as well as emerging categories like data centers, highlights growing investor confidence in the long-term potential of India's real estate sector.
India’s real estate sector is experiencing a significant surge, with Delhi-NCR leading the pack in land transactions, accounting for 32 percent of deals in 2024. Bengaluru, Mumbai, and Chennai follow with 22 percent, 12 percent, and 10 percent, respectively, of the total land deal activity. During the January-September period, land activity was spread across different sectors, with residential properties leading the way, making up 61 percent of the total deals involving more than 870 acres. The Industrial and Logistics (I&L) sector came second, accounting for 13 percent of all land transactions, totaling 525 acres.
The office segment also showed growth, accounting for 8 percent of all property sales, covering more than 20 acres. Retail and hospital assets accounted for 2 percent and 5 percent of all transactions from January to September 2024, respectively, with retail covering more than 20 acres and hospitals covering more than 11 acres. Gaurav Kumar, Managing Director, Capital Markets and Land, CBRE India, noted that the significant increase in land acquisitions this year reflects strong domestic and foreign investor confidence in India's real estate potential. “The strong demand in many markets, combined with good economic conditions, has created an environment conducive to growth. We expect this trend to continue, driven by strategic investments that highlight the market's stability and long-term development prospects,” Kumar added.
CBRE is a global leader in commercial real estate services and investment, providing a wide range of solutions for real estate occupiers and investors. With a presence in over 100 countries, CBRE offers a comprehensive suite of services, including property sales, leasing, valuation, and investment management.
Frequently Asked Questions
What is the percentage increase in land deals from last year to this year?
The land deals have increased by 65% from last year to this year, according to CBRE's survey.
Which cities are leading in land transactions in 2024?
Delhi-NCR leads the land transactions, followed by Bengaluru, Mumbai, and Chennai.
What sectors are driving the land transactions?
Residential properties are leading the land transactions, followed by the Industrial and Logistics (I&L) sector.
What does CBRE attribute the surge in land deals to?
CBRE attributes the surge to strong investor confidence and the evolving nature of the Indian real estate market, driven by both domestic and foreign investments.
What is the role of CBRE in the real estate market?
CBRE is a global leader in commercial real estate services and investment, providing solutions for real estate occupiers and investors, including property sales, leasing, valuation, and investment management.
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